SEC Begins Review of Bitcoin ETF Proposals Under New Chairman Gary Gensler
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Answer SEC Begins Review of Bitcoin ETF Proposals Under New Chairman Gary Gensler
Gary Gensler is the new chairman of the US Securities and Exchange Commission (SEC) after he was… Official confirmation of his appointment Earlier.
This comes with several requests and proposals submitted by different companies for the purpose of obtaining SEC approval regarding Bitcoin ETFs.
2021 is the year when ETFs may become a reality as many well-known companies such as “Grayscale”, “Galaxy Digital”, “Kryptonian” and “VanEck”… are already competing for the first approved Bitcoin ETF in the USA.
It is worth noting that the SEC is on a pre-set timetable.
It is therefore expected to respond with a yes or no by the first week of May to the Bitcoin ETF proposal submitted by VanEck.
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In the notification done raised it On the SEC website on April 22, 2021, it indicates that the SEC has already begun consideration of the proposed “Krptonian ETF.”
Can Gary Gensler Finally Make The Bitcoin ETF A Reality?
Bitcoin ETF applications are not new to the SEC because over the years they have rejected many Bitcoin ETF applications.
During this year, the SEC is operating under the leadership of newly appointed chair Gary Gensler and the crypto community is anticipating positive results about the Bitcoin ETF proposals already on the SEC table.
Gary is a crypto professional and comes from a strong understanding of cryptocurrency background as he taught crypto courses at the Massachusetts Institute of Technology.
He is also a prominent fan of blockchain technology and believes in cryptocurrencies as useful financial tools.
SEC Commissioner Hester Pierce has already confirmed that the Bitcoin ETF will get a fresh look under Mr. Gensler’s leadership.
Speaking to FOX, Hester Pierce said:
Canada is already leading the way in the bitcoin ETF market.
Honestly, Canada is way ahead of us now, they not only have Bitcoin products traded on the exchange but they also have Ethereum products traded on the exchange.
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